Trade Desk (NASDAQ:TTD) Stock Rating Upgraded by Benchmark

Benchmark upgraded shares of Trade Desk (NASDAQ:TTD - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday, MarketBeat reports.

TTD has been the subject of a number of other research reports. Oppenheimer cut their price objective on shares of Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus dropped their target price on shares of Trade Desk from $144.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Loop Capital dropped their target price on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Susquehanna dropped their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.45.

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Trade Desk Trading Down 0.1 %

NASDAQ TTD traded down $0.07 during trading on Friday, reaching $64.91. The company's stock had a trading volume of 11,469,784 shares, compared to its average volume of 8,075,771. The firm has a market capitalization of $32.20 billion, a price-to-earnings ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. Trade Desk has a 12 month low of $63.82 and a 12 month high of $141.53. The firm has a 50 day moving average price of $103.94 and a 200 day moving average price of $113.14.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

Large investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the fourth quarter worth about $25,000. Rialto Wealth Management LLC purchased a new stake in Trade Desk during the fourth quarter worth about $26,000. Harbor Investment Advisory LLC increased its holdings in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after buying an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Trade Desk during the fourth quarter worth about $34,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Trade Desk during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.